The changing landscape of global trade in business services and value chains: Are emerging economies taking over?

Berry, Andrew; Bohn, Timon; Mulder, Nanno

doi:10.4337/9781783478064.00025

Cited by 2 publications

(3 citation statements)

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“…Balance of payments data provides some information on disaggregated trade flows in the business services industries, which corroborates what we find using WIOD. For example, the United States and Germany outsourced especially in the computer services, business consulting, advertising and market research, R&D, and legal services sectors (Berry et al., ). Emerging and developing countries have increased their world export share in these business services categories between 2002 and 2012.…”

Section: Resultsmentioning

confidence: 99%

“…This has policy implications. First, trade policy should explicitly be aimed at lifting services barriers (Berry et al., ; Saez et al., ). The Trade in Services Agreement (TiSA) that is currently being negotiated by 23 members of the World Trade Organization (representing 50 countries) is a positive step in this direction.…”

Section: Conclusion and Discussionmentioning

confidence: 99%

“…For example, the new version includes a disaggregation of business services. Reliable and detailed data for business services are useful, because business services are known to play a key role in global value chains (Berry, Bohn, & Mulder, ).…”

Section: Analytical Framework and Data Sourcesmentioning

confidence: 99%

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The role of services in globalisation

2018

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This paper explores the role of services in international trade and global value chains, and adds to our knowledge on recent trends in globalisation. We employ indicators for trade in value‐added (VA) and for gross exports, and address the following two questions: (i) has trade of VA in services (i.e., the VA created by domestic service industries and embodied in foreign consumption of final products) grown more than trade of VA in manufacturing; and (ii) does trade of VA in services travel further than trade of VA in manufacturing. Based on the World Input‐Output Database (WIOD), we find, in general, that for the period 2000–14, the share of services in exports of VA grew over time, whilst the share of manufacturing remained constant (or grew relatively less). Second, throughout the entire period, services had a larger share in interregional exports of VA than in intraregional exports of VA, whilst the opposite was true for manufacturing. Services were thus more global than manufacturing.

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Section: Resultsmentioning

confidence: 99%

Section: Conclusion and Discussionmentioning

confidence: 99%